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Langley's unsung Willoughby area a bustling development hub
Langley's unsung Willoughby area bustling development hub
The Willoughby area of Langley has quietly emerged as one of Metro Vancouver's busiest development hubs. Located in Langley Township just south of the Trans-Canada Highway, Willoughby has nearly 6,700 homes currently being considered as development applications.
BoC drops key interest rate to 4.75%
The Bank of Canada has reduced its overnight interest rate target by 25 BPS to 4.75 per cent, the first reduction in the rate since the central bank instituted a policy of rapid rate increases over two years ago.
Metro Vancouver land deals on hold: Goodman
A precipitous decline in Metro Vancouver land sales could turn around this year, but developers are taking a long-term view with any purchases as market uncertainties continue, said Justin Mitchell, an investment and development land broker with Goodman Commercial Inc.
 | Design, Policy and Canadian Cities In Washington, D.C. affordable housing is delivered by the private sector. Can Toronto follow suit?Naama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Investors kicking Ottawa’s office market tires: C&W
Scott Brooker, vice-president of Cushman & Wakefield’s capital markets group in the National Capital Region, says Ottawa’s investment market is gradually gaining steam after a dismal 2023 that saw transactions plummet more than 50 per cent year-over-year.
RioCan, HBC oppose heritage status of Ottawa mall
HBC and its partner RioCan are opposing Ottawa city council's decision to protect the exterior of Freiman Mall, the longtime Rideau Street home of the Hudson's Bay Company, claiming it will reduce the property value and make redevelopment more costly.
Toronto’s Stackt Market plans national expansion
Stackt, the 100,000 square-foot modular market at Bathurst and Front streets, has signed a 10-year lease with the City of Toronto and will expand to Ottawa, Calgary and Vancouver by the end of the year.
Ocgrow breaks ground on Alberta commercial centre
The Cochrane community of Greystone celebrated a groundbreaking ceremony for the 300,000-square-foot Greystone Place commercial centre by developer Ocgrow Group of Companies. The development also includes plans for residential real estate.
Manulife’s green investments ratio steady from 2022 to 2023
Manulife Financial Corp. (MFC-T) grew its portfolio of green investments in its general account to $45.7 billion, inching up from the previous year, the Toronto-based insurer and financial services company showed in its 2023 sustainability report.
Align's fourth Vancouver project ordered for sale
Vancouver developer Align Properties has had all four of its residential projects in Vancouver - condo towers and a low-rise, market-rental development - ordered put up for sale so it can repay lenders after running into delays and financial trouble.
Expanded BMO Centre opens its doors
After more than three years and $500 million, Calgary's BMO Centre expansion officially opens Wednesday. It is Western Canada's largest convention centre with over one million square feet of floor space and the ability to host 33,000 guests.
Iconic Gordie Howe bridge nears completion
The design of the Gordie Howe International Bridge is meant to evoke the bend of a hockey stick taking a slapshot. But as it nears its biggest milestone to date, a better comparison would be Michelangelo’s The Creation of Adam.
Taco Bell Canada opens new Union Station restaurant
Redberry Restaurants is opening its newest Taco Bell on Union Station's York Concourse's lower-level food court, bringing the Redberry Taco Bell portfolio to 27 units. Redberry plans to open 200 Taco Bell locations in Canada over the next few years.
Paris Baguette looks to open six cafes in Ottawa
A South Korean bakery-cafe chain is setting its sights on Ottawa in its global expansion. Paris Baguette, a multinational chain based in Seoul, says it plans to bring six cafes to the nation’s capital by the end of the year.
Brookfield prepares takeover bid for $2.1B logistics firm
Brookfield Asset Management (BAM-T) says it is in the early stages of preparing an all-cash offer for London-listed European logistics owner Tritax Eurobox, which has a portfolio valued at $2.1 billion Cdn.
Blackstone, Regis to buy 1,750 U.K. homes for $1.01B
Blackstone Inc. and Regis Group Plc have a deal to buy a portfolio of 1,750 homes from U.K. homebuilder Vistry Group for $1.01 billion Cdn. The properties are mostly concentrated in the southeast of England.
Disney set to invest $17B in Florida parks
Disney and Gov. Ron DeSantis’ appointees are set to approve an agreement that could result in the company investing $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World.
MCB offers $700M to acquire Whitestone REIT
MCB Real Estate has offered to purchase shopping centre landlord Whitestone REIT in a deal valued at $700 million. The all-cash deal values the REIT sale at $14 per share, a 7.2% premium to Monday's closing price.
Dollar Tree exploring sale of struggling Family Dollar
Dollar Tree (DLTR-Q) said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as the retailer looks to restructure its business amid stiff competition and strained consumer spending.
Three-quarters Of European CMBS loans can’t be refinanced
Almost £3B of the European real estate loans parcelled up and sold to bond investors are unlikely to be refinanced because of current conditions in the lending market, according to a report from ratings agency Morningstar DBRS.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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